The Canadian dollar depreciated versus its U.S. counterpart on Tuesday. The probability of a U.S. Federal Reserve interest rate hike in September has kept the USD rally going as it heads into the first of the employment releases this week. The ADP payrolls report will be published on Wednesday, August 31, at 8:15 am EDT. Another 170,000 plus new jobs are expected which would keep the U.S. non farm payrolls (NFP) due on Friday on the 170,000 to 200,000 job gain range. The Canadian current account showed a growing deficit, but slightly below the forecast at 19.9 billion. Canadian exports are struggling despite the low ... (full story)